Comments on: Experian, Equifax and TransUnion New Scoring Model http://www.autocreditexpress.com/blog/2008/01/07/experian-equifax-and-transunion-new-scoring-model/ How to get an Auto Loan with Bad Credit - Auto Credit Express Sun, 23 Nov 2008 20:53:51 +0000 http://wordpress.org/?v=2.6 By: Mel http://www.autocreditexpress.com/blog/2008/01/07/experian-equifax-and-transunion-new-scoring-model/#comment-120 Mel Mon, 25 Aug 2008 02:20:22 +0000 http://www.autocreditexpress.com/blog/2008/01/07/experian-equifax-and-transunion-new-scoring-model/#comment-120 My husband and I monitor our credit scores on equifax.com, it's 8.95 a month for each of us and I think it's incredibly worth it! We have daily access to our Equifax FICO scores and our credit reports (when we make a large purchase it'll show up on our report usually within 2 weeks), and making expensive purchases is that much easier when you already know your score. My husband and I monitor our credit scores on equifax.com, it’s 8.95 a month for each of us and I think it’s incredibly worth it! We have daily access to our Equifax FICO scores and our credit reports (when we make a large purchase it’ll show up on our report usually within 2 weeks), and making expensive purchases is that much easier when you already know your score.

]]> By: Steve Cypher http://www.autocreditexpress.com/blog/2008/01/07/experian-equifax-and-transunion-new-scoring-model/#comment-24 Steve Cypher Mon, 21 Jan 2008 22:44:18 +0000 http://www.autocreditexpress.com/blog/2008/01/07/experian-equifax-and-transunion-new-scoring-model/#comment-24 The new scoring model is weighted a bit differently than FICO and it was created by the credit bureaus to circumvent the fees they were paying to Fair Isaac. The jury is still out as to whether it will be adopted by the banks and other institutions that are currently using FICO. I would say that FICO is still the 500 pound gorilla when it comes to credit scoring and, as such, is still the score that matters. The new scoring system means that, if it is accepted, now we will soon have to worry about 2 credit scores, not just one. You are entitled to one free credit report from all the bureaus as well as a free report any time you are turned down for credit. That site is www.annualcreditreport.com. As for the paid services, they are fairly expensive at $15.00 per month. Consumer Reports magazine suggests that if you want to monitor your credit throughout the year, stagger the free reports from the 3 bureaus throughout the year. The new scoring model is weighted a bit differently than FICO and it was created by the credit bureaus to circumvent the fees they were paying to Fair Isaac. The jury is still out as to whether it will be adopted by the banks and other institutions that are currently using FICO. I would say that FICO is still the 500 pound gorilla when it comes to credit scoring and, as such, is still the score that matters. The new scoring system means that, if it is accepted, now we will soon have to worry about 2 credit scores, not just one. You are entitled to one free credit report from all the bureaus as well as a free report any time you are turned down for credit. That site is http://www.annualcreditreport.com. As for the paid services, they are fairly expensive at $15.00 per month. Consumer Reports magazine suggests that if you want to monitor your credit throughout the year, stagger the free reports from the 3 bureaus throughout the year.

]]> By: HedgeHocker http://www.autocreditexpress.com/blog/2008/01/07/experian-equifax-and-transunion-new-scoring-model/#comment-23 HedgeHocker Sat, 19 Jan 2008 20:09:23 +0000 http://www.autocreditexpress.com/blog/2008/01/07/experian-equifax-and-transunion-new-scoring-model/#comment-23 Hi, In looking for the least expensive but best value in 3 beauru monitoring I discovered Trans Union's new system ..apparently shared by all. I want to know ..is it reliable or worth using for the consumer? Should we disregard this new scoring system for now, better stated, should we use only the FICO? I'm paying off and disputing junk on my Experian report but haven't seen the other two. I have a creditor who keeps putting the same false crap on my credit history with Experian....I keep disputing it and Experian removes it. I really need to have it off all three agency reports. I call this creditor and they keep saying they'll fix it. Anyway, on subject, should this new model of scoring be just as reliable to use? Hi,

In looking for the least expensive but best value in 3 beauru monitoring I discovered Trans Union’s new system ..apparently shared by all. I want to know ..is it reliable or worth using for the consumer? Should we disregard this new scoring system for now, better stated, should we use only the FICO?

I’m paying off and disputing junk on my Experian report but haven’t seen the other two. I have a creditor who keeps putting the same false crap on my credit history with Experian….I keep disputing it and Experian removes it. I really need to have it off all three agency reports. I call this creditor and they keep saying they’ll fix it.

Anyway, on subject, should this new model of scoring be just as reliable to use?

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